All Forum Posts by: John Delosreyes

What's your niche and criteria? Buy and hold? Fix and flip? Wholesale?

I want to establish another stream of income while I still have the security of a steady job (active duty military).  My goal is to reach a point where I can devote my time to family and friends than to a job and have my investments pay for my lifestyle.

Welcome to BP!  Continue to educate yourself and be active in this awesome online community.

In regards to conventional lending, I don't think down payments can go any lower than 20% on investment properties since it'll incur PMI. You may have to seek creative ways such as seller financing and structure it where the seller names the price but you set the terms.

Welcome to BP, Tyler!  Having graduated college in '18 with no debt and with substantial savings, you are already well-ahead of your peers.  I have seen praise for turnkey companies based in Memphis and Kansas City.  I believe the owner of Bridge Turnkey has been a guest on the podcast a number of times.  Good luck on your venture.  Keep us posted on how things go!

Are you thinking about larger multifamily properties (5+ doors)?  Definitely consider partnering up with others who have success in the commercial realm.

If you can find a deal locally, stay local.  Learn the mechanics of acquiring, analyzing, financing, managing, etc.  Definitely easier to do locally than remotely.  Through this, you're able to establish relationships and start building your network.  This local purchase can unleash other opportunities without having to search 200+ miles away.

Congrats, man. That's awesome that you're giving back to your neighborhood. Wishing you the best of luck in 2019!

- John

Awesome episode.  Love hearing success stories from fellow servicemembers